i feel very fortunate to have stumbled upon your website and community. you definitely have had me question many things i took for granted and as a result i have opened up my eyes to much.
Thank you for this site red! i think (given the FP’s) 2011 will be a very interesting year for the bears.
I’m inclined to believe that any low put into today will be a buying opportunity for the rally next week up to our FP target. While I won’t be going long, as I like to do options and you get killed on the time decay in choppy market, I still wanted to point that out for those who don’t use instruments that are affected by the vix and time.
And of course I’m a bear, so naturally I just wait out the rally and get short when the time comes. Good luck to all the bulls as you still have a good 300 Dow points to go!
I’m going to agree with you Robert, as new money always comes into the market during the first week. So a continued rally is to be expected. Plus, we haven’t hit the FP yet. 🙂
Tomorrow seasonaly weak. I will be buying at the close for 1 helluva rally next week starting Monday. Expecting to see 1300 mid Jan……….g.l. Red and have a great New Years ………………
Happy New year Red,
i feel very fortunate to have stumbled upon your website and community. you definitely have had me question many things i took for granted and as a result i have opened up my eyes to much.
Thank you for this site red! i think (given the FP’s) 2011 will be a very interesting year for the bears.
“a toast – TO RED AND TO A GOOD BEAR YEAR – 2011”
Cheers….
Apple Chart
http://niftychartsandpatterns.blogspot.com/2010/12/apple-rising-wedge.html
this is true red,,,i need to refresh the page to see new comments
Is it just me or has everyone experienced the same problem? I no long see new comments unless I refresh the page.
I’m inclined to believe that any low put into today will be a buying opportunity for the rally next week up to our FP target. While I won’t be going long, as I like to do options and you get killed on the time decay in choppy market, I still wanted to point that out for those who don’t use instruments that are affected by the vix and time.
And of course I’m a bear, so naturally I just wait out the rally and get short when the time comes. Good luck to all the bulls as you still have a good 300 Dow points to go!
I’m going to agree with you Robert, as new money always comes into the market during the first week. So a continued rally is to be expected. Plus, we haven’t hit the FP yet. 🙂
ES Chart
http://niftychartsandpatterns.blogspot.com/2010/12/head-and-shoulders-of-s-500.html
The move down in precious metals was bogus but you should of known that. Shake out the weaker holders while the big boys come in and buy the dip.
I’m looking for another $2.00-$3.00 on Silver but it still could be a bumpy road up or down.
Something big is brewing in the background. Have patience.
Tomorrow seasonaly weak. I will be buying at the close for 1 helluva rally next week starting Monday. Expecting to see 1300 mid Jan……….g.l. Red and have a great New Years ………………
new moon rising jan 4th tues.